Bech-Bruun German Business Group assists EPURON in the acquisition of German wind farm

Bech-Bruun's German Business Group, which is the name of Bech-Bruun's interdisciplinary, international team focusing on German/Danish legal issues, has assisted EPURON in the acquisition of the Cottbuser Halde wind farm in Brandenburg, Germany. M&A Corporate specialists, Ole Nørgaard (partner) and Sarah Weber (associate) led the transaction, with assistance from Carsten Ceutz, corporate recovery partner, and Arne Riis, tax partner.

The seller, Green Wind Renewables A/S, a Danish company which is part of the Danish wind energy group, Green Wind Energy, is the subject of reconstruction proceedings.

Impax New Energy Investors II L.P. (INEF II), the owner of the Hamburg and Paris-based EPURON has provided the necessary funding for EPURON to acquire Cottbuser Halde wind farm. INEF II is an investment fund administered by Impax Asset Management Limited, one of the leading administrators of listed and private equity funds for environmental investments on the market.

The total installed capacity of the Cottbuser Halde wind farm is 28MW, comprising 14 Vestas V90 wind turbines and has been in operation since the beginning of 2009. Long-term project financing is in place with Deutsche Kreditbank.

EPURON develops, finances, builds and operates wind farms in Germany and France. The acquisition of Cottbuser Halde wind farm is an important investment for EPURON, as it more than doubles EPURON's existing German operating wind portfolio from 23MW to 51MW.